Stock Technical indicators to notice in SINGAPORE LAND (SIL.SG)
1- Last bearish trend was from 5.16 $ (11/4/2013) to 4.25 $ (2/4/2014) a 0.91 $ move 2- The current bullish trend started from 4.25 $ at 2/4/2014 and is currently trading at 5.19 $.
4- SIL.SG current resistance level is at 5.41 which is the 127.20 % fibonacci retracement of the last 0.91 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
SINGAPORE LAND (SIL.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 5.160 and 5.190 that was broken up at 5.150 transforming into a supporting line.
SINGAPORE LAND (SIL.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 4.250 and 4.830,resistance between 5.490 and 5.650 which was broken up at 5.150 in higher than usual volume.
SINGAPORE LAND (SIL.SG) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 4.250 and 4.830,resistance between 5.490 and 5.650 which was broken up at 5.150 in higher than usual volume.
Stock Trading Conclusion:
SINGAPORE LAND (SIL.SG) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 5.41, 5.72.
Stock Support levels : 5.16, 5.08, 4.97, 4.88, 4.83, 4.81, 4.72, 4.70, 4.61, 4.60, 4.46, 4.25,.